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by jimmytidey 3711 days ago
Yes, I think people make errors of judgement. I also think the 'path dependency' mentioned in another comment exists. I also think, as another poster mentioned, there are strategic reasons to ensure a balance of industries in your economy.

I think the comparative advantage model remains a compelling starting point despite all this.

But it doesn't matter what I think, the key thing is that many people who actually do make decisions use the comparative advantage model.